Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACT: David Jones
Team Health
Knoxville, Tennessee
(865) 693-1000

TEAM HEALTH ACQUIRES SPECTRUM HEALTHCARE RESOURCES

KNOXVILLE, Tennessee, May 1, 2002 - Team Health, the nation's leading provider
of hospital-based physician services, announced today that it has completed the
acquisition of Spectrum Healthcare Resources (SHR), a major provider of
permanent healthcare professional staffing services to military healthcare
facilities. This news follows the definitive agreement that was announced on
March 30, 2002.

SHR currently provides over 3,125 healthcare professionals, including
physicians, para-professionals, nurses, specialty technicians and administrative
support personnel, to its 61 hospital and 31 free-standing clinic clients in 33
states. These providers and support personnel deliver a wide range of healthcare
services to active duty and retired military personnel, and the dependents of
both groups.

The acquisition of SHR was financed through a combination of existing cash and a
new senior credit facility arranged by Banc of America Securities, LLC and Fleet
National Bank. The new senior credit facilities provided $225 million of funded
senior debt at closing as well as a $75 million revolver that remained unused at
closing. The new financing arrangement replaces Team Health's previous $200
million senior credit facilities and retired the outstanding obligations of SHR
under its prior credit agreement. Team Health's 12% Senior Subordinated Notes
Due 2009 will continue to remain outstanding.

Lynn Massingale, M.D., FACEP, Team Health's president and chief executive
officer, commented on the transaction, "We are delighted to have completed this
acquisition. Our management group is excited to work with SHR's team members,
who have demonstrated their commitment to their clients since 1988."

Cathy Vivirito, SHR's president and chief operating officer, says of this
transaction, "We are pleased to join forces with such a well-respected
organization that provides hospital-based staffing services. SHR remains
committed to delivering consistent, quality services to the military health
system and helping the military optimize use of its medical facilities. We look
forward to drawing upon the expertise of Team Health to best serve the needs of
the Department of Defense and Tricare beneficiaries."

Founded in 1979, Team Health is headquartered in Knoxville, Tennessee. With the
SHR closing, Team Health is affiliated with over 7,000 healthcare professionals
who provide emergency medicine, radiology, anesthesia, hospitalist, urgent care
and pediatric staffing and management services to over 450 civilian and military
hospitals, surgical centers, imaging centers and clinics in 41 states. For more
information about Team Health and Spectrum, visit www.teamhealth.com and
www.shrusa.com.

Statements in this document that are not historical facts are hereby identified
as "forward looking statements" for purposes of the safe harbor provided by
Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") and
Section 27A of the Securities Act of 1933 (the "Securities Act"). Team Health,
Inc. (the "Company") cautions readers that such "forward looking statements,"
including without limitation, those relating to the Company's future business
prospects, revenue, working capital, liquidity, capital needs, interest costs
and income, wherever they occur in this document or in other statements
attributable to the Company, are necessarily estimates reflecting the judgment
of the Company's senior management and involve a number of risks and
uncertainties that could cause actual results to differ materially from those
suggested by the "forward looking statements." Moreover, the Company, through
its senior management, may from time to time make "forward looking statements"
about matters described herein or other matters concerning the Company. The
Company disclaims any intent or obligation to update "forward looking
statements" to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results over time.